Driving along the Bandra-Worli Sea Link off the west coast of Mumbai this week, our Tata SUV is overtaken by a new, orange Porsche – one of the 780 vehicles the German carmaker has sold in India over the past year.
It may seem outlandish for the subcontinent, where the average income is just $US2500 ($3725) – less than a quarter of China’s. But India has an economy of growing affluence.
James EyersSenior ReporterJames Eyers writes on banking, finance, payments, regulation and emerging technologies. Based in Sydney, he is a former legal and investment banking editor at the AFR and has been a business journalist for more than 20 years. Email James at jeyers@afr.com.au
